Funds for the Conversion of a Former Public House
Funded: £513,000
Location: Kent
Property Type: Residential
Funds For: Completion
Timeframe: 11 Days
Our client needed funds quickly to complete the conversion of a former public house into 5 apartments with a commercial element, as the client’s current lender would not release any further funds.
A loan of £513,000 was provided against an Open Market Value of £935,000
Not only did Lowry Capital provide the funds to pay off the current lender and release further funds to finish the conversion, we also provided additional funding to enable the developer to progress with a different project which came along at the same time.
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